IXUP Signs Pilot Deal with Equifax Australia

Friday, July 6, 2018 - 12:29

Big data startup IXUP Limited has signed an agreement to pilot its software with Equifax Australia, the local operations of the global credit rating firm.

The Agreement provides Equifax access to the IXUP Data Collaboration software and the ability to undertake pilots of new and innovative solutions that, once implemented, can be transitioned into fully commercial solutions which Equifax can take to market with its customers.

It follows a technical due diligence process in which Equifax robustly tested the IXUP technology platform and its capabilities to deliver secure data and trusted collaborations.

This is IXUP’s first pilot agreement of its new platform, representing an important milestone in the commercialisation process.

IXUP Executive Chairman Tim Ebbeck said: “Our strategy is to demonstrate and deliver a superior experience for users of our platform. We’re excited to have the opportunity to build pilots to enrich the data collaboration experience for Equifax and demonstrate the unique value of our safe, disruptive technology within the data collaboration market. We are building momentum in the market.”

The pilot will last for 12 months and is described as a collaborative partnership for the purpose of undertaking non-commercial, non-production pilots of potential service offerings (use cases) which may then be taken to market by Equifax in Australia under commercial terms. There is a maximum 3 months duration per pilot and there is no limit on the number of pilots Equifax can undertake in the Term.

The primary goal of pilots is to demonstrate the value of IXUP’s software for Equifax and other businesses in the data services market, and simultaneously improve the Equifax experience for users.

Whilst the pilot itself will not generate material revenue, it is hoped that the pilot will lead to commercial arrangements thereafter.